There are now 17 million bitcoins in existence — only 4 million left to ‘mine’
More than 80 percent of the bitcoins that will ever exist have now been created. The 17 millionth bitcoin was “mined” Thursday, according to data from Blockchain.info, more than a year since the number of coins topped 16 million. But...
Waste not, want not: BAML recycles parts to build new treasurer tool
The quickest solution is often to use what you already have. Bank of America Merrill Lynch (BAML) has taken that to heart with the development of its new Liquidity Express tool, which combines aspects of three existing services to help...
FX: Tech focus shifts to horde of untapped trade data
There are many reasons why markets become fragmented. For example, regional banks have seen an opportunity to differentiate themselves from larger competitors by specializing by region or even by currency. Institutions that can develop deep knowledge in particular areas can...
American Express closer to breaking into elusive Chinese market, report says
American Express is closer to becoming the first U.S. card network to offer services in China, The Wall Street Journal reported Thursday. The People’s Bank of China has accepted the New York-based credit card company’s application to clear and settle...
Euro Holding on to 1.2154 against Dollar on Cautiously Upbeat ECB Draghi, Dollar Weakens as Yields Retreat
Euro recovers against Dollar after ECB president Mario Draghi tried to play down concerns over recent weak Eurozone data. But his usual cautiousness is so far capping Euro buying. On the other hand, Dollar’s rally also loses some steam, in...
US durable goods orders rose 2.6% in March
New orders for key U.S.-made capital goods unexpectedly fell in March, weighed down by the biggest drop in demand for machinery in nearly two years, and a decline in shipments suggested business spending on equipment slowed in the first quarter....
US durable goods orders rise 2.6% in March
Orders for long-lasting manufactured goods rose 2.6 percent in March, but a key category that tracks business investment spending fell for the third month out of the past four. The Commerce Department says the big rise in orders for durable...
US weekly jobless claims fall to the lowest level since 1969
New applications for U.S. unemployment benefits dropped to their lowest level in more than 48 years last week, suggesting that March’s slowdown in job growth was probably temporary. ous week. Initial claims for state unemployment benefits fell 24,000 to a...
Tax cuts trump the market’s recent volatility for most Americans, new study finds
The new tax law is helping households weather the blow from the recent volatility in the stock market, according to data released Thursday by a financial trade group. The American Institute of Certified Public Accountants said its index of personal...
Energy market might beat banking onto blockchain
Moody’s analyzed in April the potential downside for investors in bank bonds if blockchain technology becomes widely adopted and reduces the cost and time taken up in executing cross-border banking transactions. Colin Ellis, managing director in credit strategy, concedes: “Banks...